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The Neighborhood Hotel Fulton Market 801 W Madison St 76 Pièce Hôtel Chicago, IL 60607 À vendre
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Historic Building with Stunning Flagship Retail Space, Perfect for Retail/Restaurant, or Member’s Club Anchor Tenant
- Strong Hotel Fundamentals with No New Hotels Due to Open in 2025 or 2026 in the Immediate Area
- Fully Permitted & Entitled Project - Timing: 14 Months Until Substantial Completion & Commencement of Hotel Operations
- L-Shaped Building Creates Significant Natural Light Throughout the Property
- Healthy Returns with Stabilized Yield on Costs at Nearly 10% and Debt Yield Hitting 16%
- Positioned at the Intersection of Madison and Halsted Street, Between Two CTA L Train Stops & Major Bus Lines
RÉSUMÉ DE L'ANNONCE
CBRE, as an exclusive agent, is pleased to present the opportunity to acquire 801 West Madison Street (“the Property”) for future redevelopment or partner in a joint venture with the existing sponsor.
The Sponsor has completed demolition and abatement of the interior spaces with the vision of creating a 76-unit luxury apartment style hotel under The
Neighborhood Hotel flag. The Property benefits from DX-7 zoning allowing for a multitude of uses as of right. The 1st Floor is a 1920’s architectural gem, complete
with marble columns and vaulted ceilings, with the décor extending to parts of the lower level. The corridors on the upper floors are historically protected, serving
as a beautiful backdrop surrounding the skylight above the atrium.
On the lower level, endless potential exists to create unique experiences out of the former bank vault and executive dining rooms. Both the ground floor and
basement are primed to support a food & beverage owner/operator.
The Sponsor offers several options to investing the Property, either through partnership or outright sale.
View the offering memorandum and learn more:
The Sponsor has completed demolition and abatement of the interior spaces with the vision of creating a 76-unit luxury apartment style hotel under The
Neighborhood Hotel flag. The Property benefits from DX-7 zoning allowing for a multitude of uses as of right. The 1st Floor is a 1920’s architectural gem, complete
with marble columns and vaulted ceilings, with the décor extending to parts of the lower level. The corridors on the upper floors are historically protected, serving
as a beautiful backdrop surrounding the skylight above the atrium.
On the lower level, endless potential exists to create unique experiences out of the former bank vault and executive dining rooms. Both the ground floor and
basement are primed to support a food & beverage owner/operator.
The Sponsor offers several options to investing the Property, either through partnership or outright sale.
View the offering memorandum and learn more:
FAITS SUR LA PROPRIÉTÉ Sous contrat
COMMODITÉS
- Balcon
- Accès Internet à haute vitesse
- Patio
- Bar sur place
- Boutique/hôtel mode de vie
- Accès Wi-Fi public
- Sans fumée
- Cuisine entièrement équipée
- Suites multi-pièces
PIÈCE RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE DE PIÈCES | TAUX QUOTIDIEN | pi² |
|---|---|---|---|
| Suite | 76 | 483,88 $ CAD | - |
Walk Score®
Un paradis pour un marcheur (99)
Transit Score®
Un paradis pour conducteur (96)
Bike Score®
Un paradis pour un cycliste (90)
Impôts fonciers
| Numéro de lot | 17-17-209-009-0000 | Évaluation des bâtiments | 837 179 $ CAD |
| Évaluation du terrain | 540 539 $ CAD | Évaluation totale | 1 377 719 $ CAD |
Impôts fonciers
Numéro de lot
17-17-209-009-0000
Évaluation du terrain
540 539 $ CAD
Évaluation des bâtiments
837 179 $ CAD
Évaluation totale
1 377 719 $ CAD
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The Neighborhood Hotel Fulton Market | 801 W Madison St
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